Kratos Defense & Security Solutions

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Kratos Defense & Security Solutions ( KTOS) is a specialized national security technology business providing mission critical products, services and solutions for U.S. national security priorities. This stock closed up 1.2% to $8.66 in Thursday's trading session.

Thursday's Range: $8.46-$8.69
52-Week Range: $4.08-$9.16
Thursday's Volume: 257,000
Three-Month Average Volume: 532,474

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From a technical perspective, KTOS trended modestly higher here right off its 50-day moving average of $8.31 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last two months, with shares moving between $7.95 on the downside and $9.16 on the upside. Shares of KTOS are now starting to push within range of triggering a major breakout trade above the upper-end of its recent range. That breakout will hit if KTOS manages to take out some near-term overhead resistance levels at $8.80 to $8.86, and then once it takes out its 52-week high at $9.16 with high volume.

Traders should now look for long-biased trades in KTOS as long as it's trending above its 50-day at $8.31 or above more near-term support at $7.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 532,474 shares. If that breakout hits soon, then KTOS will set up to enter new 52-week-high territory above $9.16, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $11, or even $12.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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